Intellus Advisors LLC purchased a new stake in Union Pacific Co. (NYSE:UNP – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 46,345 shares of the railroad operator’s stock, valued at approximately $10,569,000. Union Pacific comprises 1.8% of Intellus Advisors LLC’s portfolio, making the stock its 22nd largest holding.
Several other hedge funds have also recently bought and sold shares of the stock. Howard Capital Management Group LLC grew its holdings in Union Pacific by 16.4% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,860 shares of the railroad operator’s stock valued at $705,000 after buying an additional 403 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in Union Pacific in the 3rd quarter valued at $500,000. LPL Financial LLC grew its holdings in Union Pacific by 4.6% in the 3rd quarter. LPL Financial LLC now owns 1,070,709 shares of the railroad operator’s stock valued at $263,908,000 after buying an additional 47,553 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Union Pacific by 19.5% in the 3rd quarter. Pacer Advisors Inc. now owns 62,549 shares of the railroad operator’s stock valued at $15,417,000 after buying an additional 10,205 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in Union Pacific by 8.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 391,776 shares of the railroad operator’s stock valued at $94,610,000 after buying an additional 30,383 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Union Pacific
In other Union Pacific news, EVP Craig V. Richardson sold 6,495 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $252.00, for a total value of $1,636,740.00. Following the completion of the transaction, the executive vice president now directly owns 26,319 shares in the company, valued at approximately $6,632,388. This trade represents a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Elizabeth F. Whited sold 7,500 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $250.00, for a total value of $1,875,000.00. Following the transaction, the president now owns 64,960 shares of the company’s stock, valued at $16,240,000. This trade represents a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.
Union Pacific Price Performance
Union Pacific (NYSE:UNP – Get Free Report) last posted its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, beating the consensus estimate of $2.76 by $0.15. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. During the same period in the prior year, the firm earned $2.71 earnings per share. Analysts expect that Union Pacific Co. will post 11.99 EPS for the current year.
Union Pacific Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $1.34 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.36 annualized dividend and a yield of 2.29%. Union Pacific’s dividend payout ratio is presently 48.33%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on UNP shares. Wells Fargo & Company decreased their price objective on Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Benchmark upped their price objective on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 24th. Guggenheim upped their price objective on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 24th. Stifel Nicolaus increased their target price on Union Pacific from $253.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, TD Cowen increased their target price on Union Pacific from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $263.00.
Check Out Our Latest Analysis on Union Pacific
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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